Creative Newtech Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 14, 2022 at 10:55 am
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Creative Newtech Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 3,191.36 million compared to INR 2,385.61 million a year ago. Revenue was INR 3,262.72 million compared to INR 2,412.1 million a year ago. Net income was INR 90.98 million compared to INR 58.39 million a year ago. Basic earnings per share from continuing operations was INR 5.75 compared to INR 4.24 a year ago. Diluted earnings per share from continuing operations was INR 5.75 compared to INR 4.13 a year ago.
For the six months, sales was INR 5,578.43 million compared to INR 3,724.5 million a year ago. Revenue was INR 5,703.05 million compared to INR 3,770.91 million a year ago. Net income was INR 131.26 million compared to INR 70.68 million a year ago. Basic earnings per share from continuing operations was INR 8.83 compared to INR 5.66 a year ago. Diluted earnings per share from continuing operations was INR 8.83 compared to INR 5.51 a year ago.
Creative Newtech Limited is an India-based company, which is engaged in the information and communication technology distribution market. The Companyâs segments include Fast Moving Social Media Goods (FMSG), Fast Moving Consumer Technology (FMCT), Enterprise Business (EB) and Fast-Moving Electronic Goods (FMEG). The FMCT segment includes established and fast-moving consumer products that cater to personal as well as organizational demands, such as Samsung, iBall and Viewsonic. The EB segment comprises products which are supplied to enterprises and are high-volume. Some brands in this category include MSi, Printronix and Philips. The FMEG segment covers its alliance with Reliance, through which it offers home appliances, bulbs and lights from brands, such as BPL and Kelvinator. The Companyâs business-to-business (B2B) e-commerce platform caters to a range of sub-distributors, retailers and other customers, and serves as a one-stop-shop offering end-to-end solutions for them.
CREATIVE NEWTECH LIMITED 